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Stripe<\/strong>, the payment processing company, is in advanced negotiations<\/a> to acquire Bridge<\/strong>, a fintech platform focused on transactions with stablecoins<\/a><\/strong> such as USDT and USDC.<\/p>\n The acquisition could strengthen Stripe\u2019s operations<\/strong> in the crypto payments sector, expanding its capabilities in a market that has seen meteoric growth in recent years. Bridge, based in Texas and founded by former Coinbase and Square executives, specializes in integrating stablecoins into the traditional financial system<\/strong>, facilitating cross-border payments and foreign currency exchanges for businesses.<\/p>\n Although discussions between Stripe and Bridge have progressed, no final agreement has been reached, and both parties could still withdraw from negotiations<\/strong>. According to sources close to the matter, while the deal is in its final stages, the conditions have yet to be fully defined.<\/p>\n Bridge has captured the attention of the tech and financial industries. Among its clients are companies like SpaceX and Stellar<\/strong>, in addition to Stripe, with whom it already maintains commercial ties. The fintech recently raised $58 million<\/strong> in a funding round, backed by investors such as Sequoia, Ribbit, and Index Ventures<\/strong>.<\/p>\n Stripe, for its part, has set its sights on cryptocurrencies after pausing its Bitcoin support in 2018. In 2022, the company re-entered the crypto market<\/strong>, allowing USDC payments<\/strong> on networks such as Polygon, Solana<\/a>, and Ethereum<\/strong>. This year, it also joined the Paxos stablecoin network, becoming the first payment service provider to do so.<\/p>\n The stablecoin market has seen strong growth despite increased regulation following the collapse of TerraUSD in 2022. Companies like Tether and Circle currently dominate the market<\/strong>, but new competitors like Visa and Robinhood are preparing their own stablecoins, which will increase competition. Additionally, the arrival of regulatory frameworks like MiCA<\/strong> in Europe could redefine the stablecoin landscape, presenting both challenges and opportunities for companies in the sector<\/p>\n","protected":false},"excerpt":{"rendered":" TL;DR Stripe is negotiating the acquisition of Bridge to expand its presence in the stablecoin market. The acquisition could strengthen its capabilities in transactions with stablecoins like USDT and USDC. Despite progress in the talks, no final agreement has been reached between both parties. Stripe, the payment processing company, is in advanced negotiations to acquire … <\/p>\n![\"stripe](\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/stripe-post-1.png\")
<\/p>\nStripe Looks to Strengthen Its Position in the Crypto Market<\/h2>\n